Daily Management Review

DMR

Don't Miss

India’s NSE Paves Way for Landmark IPO with Record ₹13,880 Crore Settlement 06/25/2025

Mastercard to integrate Fiserv’s stablecoin into its products 06/25/2025

US may offer Iran access to $30 billion in civilian nuclear investment 06/27/2025

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

STMicroelectronics to build €5 billion plant in Italy

The leading designer and producer of semiconductor components in Europe, STMicroelectronics, plans to construct a €5 billion factory in Italy. According to STMicro's news statement, the factory is set to be erected in Catania, Sicily, with the backing of the Italian government, which will provide...

Merck to pay up to $3 bln for pharma company EyeBio

American pharmaceutical company Merck & Co. has entered into an agreement to acquire EyeBio, a startup that develops medications for treating eye disorders, reports the Financial Times referring to a statement made by David Guyer, the head of EyeBio. Merck has agreed to pay $1.7 billion...

Pipeline operator Energy Transfer to buy WTG Midstream Holdings for $3.3bn

According to a statement from the buyer, US pipeline behemoth Energy Transfer has agreed to pay $3.25 billion to acquire WTG Midstream Holdings from companies connected to Stonepeak, Davis Estate, and Diamondback Energy. Energy Transfer will make cash payment of $2.45 billion and settle the...

Reuters: Amazon plans to invest ‘billions of euros’ in data centres in Italy

Amazon Web Services is in negotiations with Italian authorities about investing "billions of euros" to expand its cloud service infrastructure, writes Reuters referring to sources. The newspaper writes that discussions regarding an investment of "billions of euros" to develop infrastructure in...

Guyana's president offers Chevron entry into $150bn oil project

Irfaan Ali, the president of Guyana, would be pleased to see US-based Chevron Corp. acquire shares in the company running the Stabroek Block oil project off the coast of the state, he told the Financial Times. According to the publication, Stabroek Block is one of the most "money-making" projects...

China sets up $48bn fund to support semiconductor industry

The Wall Street Journal reports that China has established a 344 billion yuan ($48 billion) fund to support the growth of the semiconductor industry. Establishment of this fund is the third stage of the industrial support project. Its resources will be twice as large as the funds allotted in the...

Survey Shows Some US Businesses Are Hesitant To Recruit Recent College Graduates Who Participated In Pro-Palestinian Demonstrations

Employers are growing more hesitant to hire members of the class of 2024, compounding the already difficult job market. Indeed, according to a recent study of 1,268 business executives in the U.S. by higher education website Intelligent.com, 64% of employers stated they had grown...

The Information Claims That Elon Musk Is Developing An xAI Supercomputer.

The Information published a story on Saturday stating a presentation given to investors by American billionaire Elon Musk, who recently informed them that his artificial intelligence firm, xAI, intends to construct a supercomputer to power the next iteration of its AI chatbot, Grok. ...

Counterpoint Says SMIC, The Biggest Chipmaker Of China, Is Currently The Third-Largest Foundry Globally

According to Counterpoint Research, SMIC, the largest chipmaker in China, ranked third globally in terms of sales during the first quarter of 2018. Semiconductor Manufacturing International Co., a state-sponsored company, increased its market share to 6% in the first quarter of this year...

EC fines Mondelez €337.5m for interfering with cross-border trade

American Mondelez International Inc. has been penalized €337.5 million by the European Commission for breaking competition laws. According to a news release from the watchdog, the EC believes that the business obstructed cross-border trading of its goods within the European Union. Mondelez owns...